Originally Posted by
Mike64
just experienced my first 100% write-off of a secured C2-S-10% loan. I wrote them asking for more information like why the security didn't kick in. No response however. Not very satisfying.
To add to this we all observed that there were hardly any own 10% flex loans available anymore from one day to another since about 2 months ago or 3. With exception of some very few very low risk ones.
Wondering if there is some kind of profit margin polishing happening like selling own loans as referred 25% flex loans. Please let me be wrong on this.